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Economic Analysis of Property Rights (Political Economy of Institutions and Decisions)
Economic Analysis of Property Rights - Political Economy of Institutions and Decisions
Author: Yoram Barzel
This study offers a unified theoretical structure to analyze exchange, formation of economic rights, and organization. The cost of measuring accurately all assets' attributes is prohibitive. Therefore, rights are never fully delineated and others (using theft, adverse selection, free riding, and shirking) may appropriate one's assets. The cent...  more »
ISBN-13: 9780521597135
ISBN-10: 0521597137
Publication Date: 4/13/1997
Pages: 175
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Publisher: Cambridge University Press
Book Type: Paperback
Other Versions: Hardcover
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